Tesla EV plug closer to becoming industry standard
A key U.S. automotive industry organization says it will set performance standards for Tesla’s electric vehicle charging cords in another move toward using the Tesla plug on all electric vehicles.
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Indiana one of two states competing for $50B semiconductor plant
The Indiana Economic Development Corp. disclosed that it is also courting a $3.2 billion data center project that could result in 250 high-wage jobs in Boone County.
Battery maker EnerDel lays off most of its employees, workers say
The company reported having 60 employees in the United States in early 2022, though it’s not known if that number included about 25 employees at an engineering center in California.
U.S. factory output nearly stalls as sector struggles for traction
The latest federal report suggests manufacturers are growing cautious in the face of tepid global demand and equipment spending.
Nucor to add $115M manufacturing plant, 200 jobs in Indiana
The facility will support the steelmaker’s recently established Towers & Structures business unit, which manufactures a variety of utility structures, including engineered poles, light-duty poles and substation structures.
Indiana chosen for $3B electric vehicle battery plant, 1,700 jobs
General Motors and South Korea-based Samsung SDI announced Tuesday that they have selected a 656-acre site in New Carlisle to build the plant, which could become operational by 2026.
GM to spend $632M on Fort Wayne Assembly plant upgrades
While no new jobs are being created, the company said the move will help retain the nearly 4,000 employees at the northeast Indiana facility.
SpectronRx teams with Belgian research center to make cancer therapies in Europe
The Indianapolis-based radiopharmaceutical company said it plans to help open a facility in Belgium to make therapeutic agents for cancer patients.
Hillenbrand acquires food processing equipment business for $730M
When the deal is completed, Hillenbrand said the Food and Performance Materials business of Schenck Process will join its Advanced Process Solutions segment.
Cummins announces $153M plant acquisition from Faurecia
Cummins plans to acquire two manufacturing sites, one in its hometown of Columbus, Indiana, from France-based Faurecia.
Ford CEO: Days of being all things to all people are over
Ford CEO Jim Farley says Ford will be competing differently, going for tailored ownership experiences rather than “jockeying for slivers of market share.”
Bipartisan bill aims to require AM radio in new cars
The proposed “AM for Every Vehicle Act” arrives as more and more automakers say goodbye to AM radio in newer car models.
New cars, once part of American dream, now out of reach for many
The average price of a new vehicle in the United States has risen 30 percent over the past three years, according to Kelley Blue Book, pricing more Americans out of the new car market.
Fishers firm turns old shipping containers into attainable housing
Cities around the country are beginning to look at container units to address homelessness and increase housing supply.
Cummins reports record 1Q revenue, raises full-year guidance
Cummins is forecasting revenue to be up 15% to 20% year-over-year, compared with its previous guidance of between 12% to 17%.
Emerging hardtech field offers opportunities
Indiana’s business, academic and economic development leaders see the industry as a huge opportunity for the state.
Honda outlines ambitious global strategy for electric cars
Honda is gearing up for an electrification shift in North America with two models developed with General Motors going on sale next year and a bigger EV with a new platform in 2025, a year earlier than initially announced.
GM, Samsung plan new EV battery cell factory in U.S.
The companies said they plan to invest more than $3 billion in an electric vehicle battery cell plant that is expected to begin operations in 2026.
New UAW leader already has issues with Detroit automakers
Indiana native Shawn Fain, who took office in March after workers voted to sweep out most of the union’s old leadership, listed grievances with Stellantis, General Motors and Ford in a wide-ranging talk Friday.
Drug manufacturer grows amid contracting boom
Fishers-based INCOG Biopharma Services Inc., one of the newest players in the $132 billion contract drug manufacturing industry, acts as a behind-the-scenes player for companies that need to get sterile injectable medicines to market in a hurry.